S&P index approaches key 100 day MA
The major US stock indices are ending the session with solid gains.
- The S&P is up 25.87 points or 0.97%% at 2697.79. The high reached 2701.27. The low extended to 2674.14.
- The NASDAQ is closing up 73 points or 1.0% at 7339.90. The high reached 7344.80. The low extended to 7259.05
- The Dow is closing up 182.26 points or 0.75%. The high reached 24586. The low extended to 24323.
For the S&P the price got close to its 100 day MA at 2705.61. Since March 22, the price has only briefly closed above that MA line. A move and close above tomorrow (or going forward) would be more bullish. Be aware.
Banks and financials and tech did well today
- Micron +5.0%
- First Solar, +3.29%
- Alphabet, up 2.82%
- Bank of America, +2.66%
- J.P. Morgan, +2.18%
- Nvidia, +2.09%. They will report their earnings tomorrow after the close.
- Twitter, +1.99%
- Facebook, +1.96%
- Citigroup, +1.35%
- Intel, +1.31%
Some losers in the face of the stronger market includes:
- Walmart, -3.14%
- United Continental, -2.86%
- Ford Motor, -1.91%
- Walt Disney, -1.81%
- Delta Air Lines, -1.45%
- Alibaba, -0.46%
- Celgene, -0.40%